Philadelphia, a city steeped in history and culture, is an ideal location for businesses seeking a Commercial Real Estate Property For Lease. With its rich heritage, significant contributions to the American Revolution, and its current status as a major center for higher education, business, industry, arts, and sports, Philadelphia offers a unique blend of history, innovation, and entertainment. The city's infrastructure, including the Philadelphia Gas Works, Philadelphia Water Department, and PECO Energy Company, provides a solid foundation for businesses to thrive. Additionally, the city's transportation infrastructure, featuring Philadelphia International Airport, 30th Street Station, and several major highways, makes it easily accessible to both domestic and international markets. The presence of esteemed institutions like the University of Pennsylvania, Temple University, and Drexel University, as well as major corporations like Comcast, Cigna, and Independence Blue Cross, further solidifies Philadelphia's reputation as a hub for business and education.
Philadelphia's Commercial Real Estate Properties For Lease offer a range of opportunities for businesses to establish themselves in this vibrant city. With 500 listings available, businesses can find the perfect space to suit their needs. The average annual rent per square foot is $26 USD, with an average size of 21,538 square feet and a maximum space size of 1,306,800 square feet. In addition to Commercial Real Estate Properties, Philadelphia also offers Office Space, Coworking Space, Retail Space, and Industrial Space options, each with its own unique characteristics and advantages. Office Space in Philadelphia is ideal for businesses seeking a professional environment, while Coworking Space offers a collaborative and flexible work environment. Retail Space in Philadelphia is perfect for businesses looking to establish a strong presence in the city's thriving shopping districts, and Industrial Space is suitable for businesses requiring large, functional spaces. Overall, Philadelphia's diverse range of Commercial Real Estate Properties For Lease makes it an attractive location for businesses seeking to establish themselves in this vibrant city.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Philadelphia, there are several key factors to consider, including:
- Location, with proximity to major transportation hubs like Philadelphia International Airport and 30th Street Station, as well as access to amenities like Fairmount Park and the Philadelphia Museum of Art;
- Space requirements, with average sizes ranging from 21,538 square feet to 1,306,800 square feet, and average annual rent per square foot of $26 USD;
- Industry and business needs, with Philadelphia's diverse economy encompassing financial services, healthcare, biotechnology, and more, and a range of available listings, with 500 options to choose from.
How do I determine the right size and type of commercial property to rent for my business needs?
When determining the right size and type of commercial property to rent for your business needs in Philadelphia, it's essential to consider factors such as the number of employees, equipment requirements, and storage needs. With 500 available listings of commercial real estate for lease in Philadelphia, you can find a property that suits your business requirements.
- Assess your business needs: Calculate the square footage required based on the number of employees, equipment, and storage needs. For example, if you need 1,000 square feet of office space, you can look for properties with an average size of 21,538 square feet or a maximum space size of 1,306,800 square feet.
- Consider the type of property: Philadelphia offers a range of commercial properties, including office spaces, retail stores, warehouses, and restaurants. Choose a property type that aligns with your business needs and budget, with an average annual rent of $26 USD per square foot.
- Location, location, location: Philadelphia's neighborhoods, such as Center City, Old City, and Fairmount, offer unique advantages and amenities. Consider the proximity to public transportation, major highways, and amenities like restaurants, parks, and shopping centers when selecting a location for your business.
